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Broker FAQ

Miscellaneous Questions

  • What is the correct way to ask for more commission?
  • What is the difference between Fractional Ownership, Timeshare, and Tenants in Common?
  • How to address Buyer receiving cash in lieu of repairs?
  • Contract Addenda and Modifications
  • Escalation Clause
  • KW Office ID's
  • Does an agent have to provide written confirmation to a buyers agent that an offer has been presented to a seller?
  • New RAP BACK Fingerprinting Rules
  • What is a Referral Group within a Brokerage?
  • Proper commission forms for use with a For Sale By Owner
  • Earnest Money
  • How long does it take to close after settlement?
  • Incomplete repairs agreed to in contract identified after closing
  • What is considered a Fixture?
  • Who needs to sign REPC?
  • Contract to Close
  • Can a buyer present simultaneous offers on multiple different properties?
  • What if the appraisal comes in lower than purchase price?
  • Referral or "finders fee" from builder or contractor
  • Whiting out, changing or deleting sections of the REPC
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